KONING HAAR: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
KONING HAAR
Largest movements
- Tangible fixed assets -€28,546
down €28,546 (-8.6%), from €332,409 to €303,863
of which Land and buildings: -€32,654
- Cash +€19,332
up €19,332 (+396.1%), from €4,881 to €24,214
mainly Investment in fixed assets (net) (+€15,685) and Depreciation (+€12,861)
- Stocks and contracts +€4,228
up €4,228 (+16.8%), from €25,176 to €29,404
- Debts after one year -€35,877
down €35,877 (-14.0%), from €256,047 to €220,171
- Trade debts +€10,259
up €10,259 (+85.4%), from €12,007 to €22,266
- Tax, wage and social debts +€8,361
up €8,361 (+54.4%), from €15,357 to €23,718
of which Taxes: +€4,356
- Reserves +€5,966
up €5,966 (+17.2%), from €34,727 to €40,693
- Current portion of long-term debt +€5,956
up €5,956 (+17.0%), from €35,004 to €40,959
- Gross operating margin -€17,565
down €17,565 (-8.4%), from €210,283 to €192,718
- Staff costs -€6,652
down €6,652 (-4.2%), from €160,085 to €153,433
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €371,742 | €366,794 | -€4,948 | -1.3% |
| Fixed assets | 21/28 | €332,616 | €304,070 | -€28,546 | -8.6% |
| Tangible fixed assets | 22/27 | €332,409 | €303,863 | -€28,546 | -8.6% |
| Land and buildings | 22 | €321,674 | €289,020 | -€32,654 | -10.2% |
| Plant, machinery and equipment | 23 | €1,183 | €2,314 | +€1,131 | +95.6% |
| Furniture and vehicles | 24 | €8,432 | €9,323 | +€891 | +10.6% |
| Other tangible fixed assets | 26 | €1,120 | €3,206 | +€2,086 | +186.2% |
| Financial fixed assets | 28 | €207 | €207 | = | 0.0% |
| Current assets | 29/58 | €39,126 | €62,724 | +€23,598 | +60.3% |
| Stocks and contracts in progress | 3 | €25,176 | €29,404 | +€4,228 | +16.8% |
| Stocks | 30/36 | €25,176 | €29,404 | +€4,228 | +16.8% |
| Amounts receivable within one year | 40/41 | €5,733 | €3,623 | -€2,110 | -36.8% |
| Other amounts receivable | 41 | €5,733 | €3,623 | -€2,110 | -36.8% |
| Cash at bank and in hand | 54/58 | €4,881 | €24,214 | +€19,332 | +396.1% |
| Deferred charges and accrued income | 490/1 | €3,336 | €5,484 | +€2,148 | +64.4% |
| Total equity and liabilities | 10/49 | €371,742 | €366,794 | -€4,948 | -1.3% |
| Equity | 10/15 | €53,327 | €59,293 | +€5,966 | +11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,727 | €40,693 | +€5,966 | +17.2% |
| Distributable reserves | 133 | €34,727 | €40,693 | +€5,966 | +17.2% |
| Amounts payable | 17/49 | €318,414 | €307,501 | -€10,913 | -3.4% |
| Amounts payable after more than one year | 17 | €256,047 | €220,171 | -€35,877 | -14.0% |
| Financial debts | 170/4 | €256,047 | €220,171 | -€35,877 | -14.0% |
| Amounts payable within one year | 42/48 | €62,367 | €86,943 | +€24,576 | +39.4% |
| Current portion of amounts payable after more than one year | 42 | €35,004 | €40,959 | +€5,956 | +17.0% |
| Trade debts | 44 | €12,007 | €22,266 | +€10,259 | +85.4% |
| Suppliers | 440/4 | €12,007 | €22,266 | +€10,259 | +85.4% |
| Taxes, remuneration and social security | 45 | €15,357 | €23,718 | +€8,361 | +54.4% |
| Taxes | 450/3 | €6,994 | €11,350 | +€4,356 | +62.3% |
| Remuneration and social security | 454/9 | €8,363 | €12,368 | +€4,005 | +47.9% |
| Accrued charges and deferred income | 492/3 | - | €388 | +€388 | |
| Remuneration, social security and pensions | 62 | €160,085 | €153,433 | -€6,652 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,236 | €12,861 | +€1,625 | +14.5% |
| Other operating charges | 640/8 | €5,537 | €4,744 | -€793 | -14.3% |
| Gross operating margin | 9900 | €210,283 | €192,718 | -€17,565 | -8.4% |
| Operating profit (loss) | 9901 | €33,425 | €21,680 | -€11,745 | -35.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | +660.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +660.0% |
| Financial charges | 65/66B | €11,706 | €11,207 | -€499 | -4.3% |
| Recurring financial charges | 65 | €11,706 | €11,207 | -€499 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €21,719 | €10,473 | -€11,246 | -51.8% |
| Income taxes | 67/77 | €6,391 | €4,507 | -€1,883 | -29.5% |
| Profit (loss) for the period | 9904 | €15,328 | €5,966 | -€9,363 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,328 | €5,966 | -€9,363 | -61.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.